FOR IMMEDIATE RELEASE
JUNE 10, 2015

North Louisiana Bail Bondsman Served with Cease and Desist Order and Summary Suspension

Insurance Commissioner Jim Donelon reports that a bail bondsman working in Winn Parish has been served by Louisiana Department of Insurance Fraud Division investigators with a summary suspension and a cease and desist order for hiring an unlicensed convicted felon.

Hoyt Rodney Waynick, 40, is alleged to have hired Stephen Duncan as a bail bond “runner.” Duncan was convicted in 1998 of the crime of Indecent Behavior with a Juvenile, a felony under Louisiana law. According to State Police investigators, Duncan accepted $1,000 to negotiate the release of a jailed individual and then failed to return the money when that individual was not released. Waynick faces revocation of his bail bondsman license as well as a possible fine imposed by the Commissioner of Insurance.

All bondsmen are required to be licensed through the Louisiana Department of Insurance (LDI) to do business in Louisiana. Duncan was not licensed as a bail bond agent and he has also been sent a Cease and Desist order.

Under the Summary suspension, Waynick’s license is immediately suspended. Waynick has 30 days from the time of service to request an administrative appeal or the above actions will become final.

Insurance Commissioner Jim Donelon urges consumers who feel uneasy about any insurance related transaction to call the Department of Insurance Fraud Division at 225-342-4956 or 1-800-259-5300. If callers do not want their names used, they can request that their involvement be kept confidential.

About the Louisiana Department of Insurance: The Louisiana Department of Insurance works to improve competition in the state’s insurance market while assisting individuals and businesses with the information and resources they need to be informed consumers of insurance. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace and makes certain that insurers comply with the laws in place to protect policyholders. You can contact the LDI by calling 1-800-259-5300 or visiting www.ldi.la.gov.